Zest4 was ranked the fourth best performing company in the Megabuyte Emerging Stars Awards programme 2018, which recognises high growth scale-ups with revenues between £3m and £10m.

Rankings are decided according to the Megabuyte Scorecard rating which assesses performance against financial KPIs.

Zest4 was also positioned second in the Telecoms & Networks peer group and is tipped as a top prospect for the Megabuyte50 (firms likely to exceed the Emerging Stars upper revenue limit of £10m in their next set of results).

Mandy Fazelynia, Zest4's Operations & Business Development Director, said: "M2M and IoT technology has been a key focus of our strategy for the last two years, and we have helped many of our partners to take the leap into this lucrative marketplace."